The properties occupy a prominent position in the centre of Woolston's retail offering, an established secondary trading position about 2 miles outside of Southampton City Centre. The parade predominantly comprises Independent A1, A3 and A5 operators with some notable nationals including, Superdrug, Betfred, Subway and Boots Pharmacy.
The properties are 3 storey with storage accommodation at basement level; retail with traditional shop frontage at ground and first floor residential, enjoying independent access from Victoria Road. There is substantial parking to the rear of the site that could be suitable for development subject to obtaining necessary planning permissions.
20, Victoria Road Ground Floor Retail67.4 sq m
20, Victoria Road Basement 74.5 sq m
22, Victoria Road Ground Floor Retail 64 sq m
22 Victoria Road, Basement 85.1 sq m
20 Victoria Road: B-43
22 Victoria Road: C-52
Rateable Value 20 Victorica Road: £10,250
20 Victoria Road Basement: £1,975
22 Victoria Road: £9,200
22A Victoria Road: TBC
The 2019/2020 standard multiplier is 0.491(49.1p payable per £1). This determines what business rates are payable. All parties are advised to make their own enquiries for confirmation.
The property is available freehold subject to the benefit of the existing leases at a guide price of £550,000. A purchase at this level reflects a Gross Yield of 7.3% and a Net Yield of 7% subject to purchasers costs at 4.8%
( Agency Pilot Software Ref: 6240 )